USD/MXN may rise 1693 - 2504 pips

Our pivot point is at 19.3110.

Our preference

As long as 19.3110 is support look for 19.6786.

Alternative scenario

Below 19.3110, expect 19.1747 and 19.0937.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.4073 and 19.3554).

Supports and resistances

19.8409 **

19.7598 *

19.6786 **

19.5975

19.4282 last

19.3645

19.3110 **

19.1747 *

19.0937 **

Number of asterisks represents the strength of support and resistance levels.